Preformed Line Products (PLPC) EVP disposes 6,000 shares back to issuer
Rhea-AI Filing Summary
Preformed Line Products Executive Vice President John M. Hofstetter reported a disposition of 6,000 common shares of the company on March 10, 2026. The shares were returned to the issuer at $260.34 per share, classified as a disposition to issuer rather than an open-market sale.
After this transaction, Hofstetter directly holds 3,446 common shares. He also has indirect ownership of 532 common shares through a rabbi trust for a Deferred Compensation Plan, and holds restricted stock units that can convert into 1,015, 1,088, and 591 common shares. The restricted stock units vest three years from their grant dates, providing additional potential future equity exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,000 shares
Net Sell
5 txns
Insider
Hofstetter John M
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common shares, $2 par value | 6,000 | $260.34 | $1.56M |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Restricted stock units | -- | -- | -- |
| holding | Common shares, $2 par value | -- | -- | -- |
Holdings After Transaction:
Common shares, $2 par value — 3,446 shares (Direct);
Restricted stock units — 2,694 shares (Direct);
Common shares, $2 par value — 532 shares (Indirect, by rabbi trust for Deferred Compensation Plan)
Footnotes (1)
- F1. Restricted stock units vest 3 years from the date of grant.
FAQ
What insider transaction did PLPC executive John M. Hofstetter report?
John M. Hofstetter reported disposing of 6,000 Preformed Line Products common shares. The transaction occurred on March 10, 2026 and was classified as a disposition to the issuer at $260.34 per share, rather than an open-market sale to third-party buyers.
What restricted stock units does the PLPC executive report holding?
Hofstetter reports three blocks of restricted stock units tied to PLPC common shares. These cover 1,015, 1,088, and 591 underlying common shares, all with a zero exercise price, representing potential future share delivery if the vesting conditions are satisfied.
When do John M. Hofstetter’s PLPC restricted stock units vest?
The restricted stock units vest three years from their respective grant dates. This three-year vesting schedule, disclosed in the footnote, means Hofstetter’s ability to receive the underlying common shares depends on continued service or satisfying applicable vesting conditions over that period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
